Teck Resources - TECK Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.

13 equities research analysts have issued 1 year price objectives for Teck Resources' stock. Their TECK share price forecasts range from $43.00 to $65.00. On average, they expect the company's share price to reach $53.00 in the next year. This suggests a possible upside of 24.1% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.

Teck Resources' stock was trading at $37.82 at the beginning of the year. Since then, TECK stock has increased by 13.0% and is now trading at $42.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TECK earnings forecast.

Teck Resources Limited (NYSE:TECK) issued its earnings results on Wednesday, October, 27th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.40. The basic materials company earned $3.97 billion during the quarter, compared to analyst estimates of $3.63 billion. Teck Resources had a trailing twelve-month return on equity of 22.53% and a net margin of 22.99%. Teck Resources's revenue for the quarter was up 73.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS.

Teck Resources declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.0939 per share on Friday, December 30th. This represents a $0.38 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for TECK.

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.87%. The dividend payout ratio is 5.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (1.16%), National Bank of Canada FI (0.81%), PM CAPITAL Ltd (0.45%), AMF Tjanstepension AB (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Cannell & Co. (0.26%).

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECK stock can currently be purchased for approximately $42.72.

Teck Resources (NYSE:TECK) has a market capitalization of $21.61 billion and generates $10.76 billion in revenue each year. The basic materials company earns $2.29 billion in net income (profit) each year or $6.57 on an earnings per share basis.

The company employs 10,600 workers across the globe.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.